Step 1

Place the beef in a 4-quart (3.78-liter) dutch oven and add 4 cups of cold tap water so the water just covers the beef. Heat the pot over medium-high heat until it reaches a gentle boil. Stir occasionally to prevent the beef from sticking to the bottom of the pot. Turn to medium heat. Let it boil gently for 10 to 15 minutes. While boiling, skim the foam from the top of the broth and discard it until the broth is clear.

Step 2

Add the Shaoxing wine, chili peppers, ginger, green onion, bay leaves, star anise, cinnamon stick, sugar, and ground black pepper. Turn to medium-low heat. Let simmer, covered, for 40 minutes.

Step 3

Add the light soy sauce, dark soy sauce, and salt. Stir to mix well. Continue simmering uncovered for 1 hour to 1 hour 30 minutes, until the beef turns tender but not to the point of falling apart.

Step 4

Add the carrots and potatoes. Simmer uncovered for another 30 minutes or so, until the veggies get tender.

Step 5

Serve hot as a main over steamed rice or boiled noodles.